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A Production Possibilities Frontier with a Bowed-Outward Shape Indicates

Question 180

Multiple Choice

A production possibilities frontier with a bowed-outward shape indicates


A) the possibility of inefficient production.
B) constant opportunity costs as more and more of one good is produced.
C) increasing opportunity costs as more and more of one good is produced.
D) decreasing opportunity costs as more and more of one good is produced.

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